China Contraceptive Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The China Contraceptive Devices Market is expected to register a CAGR of nearly 7.98 % during the forecast period. Factors such as growing cases of sexually transmitted diseases and rising goovernment initiatives with respect to the prevention of these diseases are expected to contribute significantly in the market growth. According to the study titled Epidemiology of Genital Chlamydial Infection in China in 2019, about 50,874 new cases of genital chlamydial infection were registered in China. Furthermore, as per the World Health Organization, in 2018, around 1.25 million people were living in China with HIV/AIDS. Thus, there is a rising need for preventive measures in such diseases and this is expected to rise the demand of contraceptive devices in the market.
Key Market TrendsIntraUterine Devices are Expected to hold a Significant Share in the Market during the Forecast PeriodAn intrauterine device, or IUD, is a small device that doctors place inside the uterus as a contraceptive. They are one of the best birth control methods out there and more than 99% are effective. There are two types of IUDs that are being available, and one is covered with copper, the other releases the hormone progestin. Copper IUDs have been in the market for a long time, since 1988, earlier than the hormonal IUDs. According to the study published in Reproductive Health, 2018, about 35.2% of the women, in China, intended to use intrauterine device in the immediate post abortion period. Therefore, it is expected to have a positive impact on the market growth in this segment.
Competitive LandscapeThe key players in the China Contraceptive Devices Market are GUANGZHOU ICLEAR HEALTHCARE LIMITED, Bayer Healthcare, Cooper Surgical Inc., Allergan Plc Ltd, DKT International, Reckitt Benckiser, Ansell Ltd. and Shandong Ming Yuan Latex Co.,Ltd.
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